bet9ja.com
William Hill pushed into loss by Australia writedown
bet9ja.com
23 February 2018
bet9ja.com
William Hill has been pushed into an annual loss after slashing the worth of its Australian organization.
The bookmaker reported a pre-tax loss of ₤ 74.6 m for 2017, compared to a profit of ₤ 181.3 m the year before.
bit.ly
That modification was mainly due to a ₤ 238m charge the business took to compose down the worth of its service in Australia.
the yohaig code writedown follows modifications in policy - with credit-funded betting now banned in Australia - and a rise in taxation in some states.
bet9ja.com
William Hill is currently performing a strategic review of its Australian service, which is due to be completed by mid-2018.
Online boost
bet9ja.com
Despite the large write-off pushing the yohaig code company into a loss, William Hill said that its underlying performance had actually enhanced.
Net incomes rose 7% to ₤ 1.7 bn, while adjusted operating revenue climbed up 11% to ₤ 291.3 m.
William Hill said profits from its online organization increased 13%, which it stated reflected improvements to its site and marketing.
On Tuesday, William Hill was hit with a ₤ 6.2 m fine by the Gambling Commission for breaching anti-money-laundering and social .
The Commission said the yohaig code business did not do enough to make sure oversight procedures worked. As an outcome, 10 customers were able to transfer money linked to criminal offenses.
In its results statement, William Hill restated that it had dedicated to bring out an independent review as an outcome of the findings, and would work to execute any suggestions that emerge.
bit.ly
William Hill charge 'might go up' Video, 00:00:55 William Hill charge 'could go up'
bit.ly
0:55
1 February 2018
bit.ly
Betting shares slide on stake-cut report
22 January 2018
bit.ly
1
William Hill Pushed Into Loss
lashayfairweat edited this page 2025-10-20 07:08:05 +08:00